Blockchain Application Meets Growing Demand for More User Control and Transparency in Social
Apps
VANCOUVER, British Columbia, June 14, 2018 (GLOBE NEWSWIRE) -- via NetworkWire: Hello Pal International Inc. (“Hello Pal” or the “Company”) (CSE:HP) (Frankfurt:27H)
(OTC:HLLPF), provider of rapidly growing international social messaging, language learning and travel mobile apps, is pleased to
announce that it has entered into a cooperation agreement with Shanghai Yitang Data Technology Co. Ltd. (“Yitang”)
to transform the Hello Pal platform into one that is based on blockchain technology.
The main purpose of implementing blockchain technology is to develop the Hello Pal platform into one that is
increasingly decentralized and user-driven, a platform where value that is created by users is returned to the users, and where
power is also put back into the hands of users.
“Blockchain technology and decentralization are a natural fit for Hello Pal,” said K. L. Wong, CEO of Hello Pal.
“The Company’s mission has always been to bring the world closer together, and the global and borderless nature of decentralization
will enable the Company to create an even more borderless and all-inclusive platform for users all over the world. We instantly saw
the synergy between the ideology of blockchain and Hello Pal’s core values and direction.”
The Company has partnered with Yitang to implement this transformation.
Originally a leading research and development company in Shanghai with patented trading engine and advanced core
computational engine technology, Yitang has in recent years focused on developing and implementing blockchain technology, including
innovative consensus algorithms, cutting-edge cryptography and smart contract engines for its clients, and has also partnered with
the Softbank group in this area. Yitang to date has already helped many companies (including some with millions of users) to
implement blockchain-based solutions, as well as total solutions for the management and settlement of digital currency, and global
real-time payments solutions.
“We are very fortunate to have the opportunity to work with a company as experienced in the field of blockchain
technology as Yitang,” said Wong. “They have a proven track record of helping companies transform their platforms and seamlessly
adopt cutting-edge technology, and they will no doubt help us achieve our goal of making Hello Pal a platform that most closely
reflects the user’s needs and desires.”
The Company also believes that a decentralized user-focused blockchain based social app is highly relevant in
today’s environment where personal data has been a topic of focus. “The recent movement of users wanting more control of
their data has been demonstrated by the Cambridge Analytica issues with Facebook, and we hope that our blockchain evolved platform
will start to return this control to the users more and more over time,” Wong added.
To download Hello Pal, Language Pal, Travel Pal or the proprietary Phrasebooks please visit the IOS or Android
store. For information with respect to the Company or the contents of this news release, please contact Ryan Johnson, Corporate
Development at (604) 683-0911 or visit the website at hellopal.com. A new website is under development and due out soon as the Company issues further
updates and developments. Email inquiries can be directed to: investors@hellopal.com.
To view a demo of the Hello Pal app please follow this link: Hello Pal Demonstration
To view a demo of the Travel Pal app please follow this link: Travel Pal Demonstration
About the Hello Pal Platform
The Hello Pal Platform is a proprietary suite of mobile applications built on a user-friendly messaging
interface that focus on social interaction, language learning and travel. Hello Pal has been designed from the ground up to be easy
to use and enables users’ the freedom to speak in their own language regardless of the other person’s language they are speaking
to. Hello Pal’s overriding mission is to bring the world closer together through social interaction, language learning and travel.
By creating a platform where it is easy to instantly interact with others around the world and giving them the tools to communicate
with each other in a joyful and fun way, we hope to do our part (however small) in fostering understanding and tolerance between
all citizens of the world.
Hello Pal was the first app released to the public and experienced rapid growth building a diverse and active
global user base. Travel Pal and Language Pal are the first and second companion apps to launch. Both apps benefit immensely from
the existing and ever expanding globally based group of users. Each new app will launch with this established rapidly growing user
base accelerating their adoption.
Information set forth in this news release contains forward-looking statements. These statements reflect
management’s current estimates, beliefs, intentions, and expectations; they are not guarantees of future performance. Hello Pal
cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of
material factors, many of which are beyond Hello Pal’s control. Such risks and uncertainties are described in Hello Pal’s Listing
Statement dated May 10, 2016 available on www.cnsx.ca. Accordingly, actual and future events, conditions and results may differ
materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information.
Except as required under applicable securities legislation, Hello Pal undertakes no obligation to publicly update or revise
forward-looking information.
THE CSE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
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Editor@NetworkNewsWire.com